Stampede Drilling (CVE:SDI) Stock Price Up 17.2% – Time to Buy?

Stampede Drilling Inc. (CVE:SDIGet Free Report) rose 17.2% during mid-day trading on Friday . The company traded as high as C$0.18 and last traded at C$0.17. Approximately 138,250 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 80,085 shares. The stock had previously closed at C$0.15.

Stampede Drilling Price Performance

The stock has a market capitalization of C$32.99 million, a PE ratio of 4.61 and a beta of 0.13. The company has a quick ratio of 0.82, a current ratio of 1.15 and a debt-to-equity ratio of 24.16. The stock’s 50-day moving average is C$0.13 and its 200 day moving average is C$0.14.

Stampede Drilling Company Profile

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Stampede Drilling Inc provides oilfield services to the oil and natural gas industry in North America. It provides drilling rig services; and operates a fleet of telescopic double and triple drilling rigs. The company was formerly known as MATRRIX Energy Technologies Inc and changed its name to Stampede Drilling Inc in May 2019. Stampede Drilling Inc is headquartered in Calgary, Canada.

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